''Investor's Business Daily'' (''IBD'') is an American newspaper and website covering the

stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, ...

international business International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or mor ...

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

and

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...

. Founded in 1984 by

William O'Neil William J. O'Neil (born March 25, 1933) is an American entrepreneur, stockbroker and writer, who founded the stock brokerage firm William O'Neil & Co. Inc in 1963 and the business newspaper ''Investor's Business Daily'' in 1984. He is the aut ...

as a print news publication, it is owned by

News Corp News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the original News Corporation, it was formed on June 28, 2013, following a ...

and is headquartered in

Los Angeles, California Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the List of municipalities in California, largest city in the U.S. state, state of California and the List of United States cities by population, sec ...

. Holding a

conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization in ...

political stance, ''IBD'' provides news and analysis on

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a compan ...

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICA ...

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout th ...

commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a co ...

, and other financial instruments aimed at individual investors and financial professionals. It also provides tools for financial literacy. The publication focuses on the

CAN SLIM CAN SLIM refers to the acronym developed by the American stock research and education company '' Investor's Business Daily'' (''IBD''). ''IBD'' claims CANSLIM represents the seven characteristics that top-performing stocks often share before making ...

investment strategy In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio. Individuals have different profit objectives, and their individual skills make different tactics a ...

developed by founder William O'Neil. Every Monday in its weekly edition, the publication publishes the components of ''The IBD 50 Index'', a list of 50 growth stocks that are most attractive based on earnings, stock price performance, and other criteria used in the

strategy. It is the basis for an

(ETF) called the Innovator IBD 50 ETF (Ticker: FFTY), which is also rebalanced weekly. ''IBD Live '' includes a stock market discussion by professional stock traders via Zoom.

History

Entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

and

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stock ...

founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers. In September 1991, the publication's name was changed from ''Investor's Daily'' to ''Investor's Business Daily''. In 1994, ten years after its founding, ''IBD'' was ranked among the fastest-growing newspapers in the country. In 2001, after the

September 11 attacks The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commer ...

, revenue fell 20%-30%. At that time, paid circulation was approximately 313,000. In 2005, political cartoonist

Michael Ramirez Michael Patrick Ramirez (born May 11, 1961) is an American cartoonist for the ''Las Vegas Review-Journal''. His cartoons present mostly conservative viewpoints. He is a two-time Pulitzer Prize winner. Early life and education Ramirez was born ...

joined ''IBD''. In 2008, Ramirez won his second

Pulitzer Prize The Pulitzer Prize () is an award for achievements in newspaper, magazine, online journalism, literature, and musical composition within the United States. It was established in 1917 by provisions in the will of Joseph Pulitzer, who had made ...

for editorial cartooning while at the company. In March 2016, the print newspaper became a weekly publication and the publication shifted its focus to daily digital operations, cutting 20 jobs. At that time, the website had 4 million visitors. During the

2016 United States presidential election The 2016 United States presidential election was the 58th quadrennial presidential election, held on Tuesday, November 8, 2016. The Republican ticket of businessman Donald Trump and Indiana governor Mike Pence defeated the Democratic ticke ...

, ''IBD'' conducted one of two polls that correctly predicted a victory by

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...

. Before the election, the poll had been dismissed as being an "outlying survey," but it was rated as one of the closest to the final result. In March 2019, the publication ended its opinion section. In May 2021,

acquired the publication for $275 million, adding it to its

Dow Jones & Company Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', '' Barron's'', ''MarketWatch'', ''Mansion Global'', ''Financial News'' and ''Private ...

division. At that time it had 100,000 digital subscribers.

IBD/TIPP polls

TechnoMetrica Institute of Policy and Politics (TIPP), the polling arm of TechnoMetrica Market Intelligence, is IBD's exclusive polling partner delivering poll data via the IBD/TIPP collaboration between Investor's Business Daily and TechnoMetrica Institute of Policy and Politics. TIPP polls have mixed reviews, some claiming that it is most accurate and some claiming that it has a right wing bias.

Controversies

Lawsuit claiming inadequate wages to telemarketers

In March 2002, telemarketers who were compensated on the basis of a point system which rewarded them for selling longer subscriptions, winning daily contests, and meeting weekly sales goals sued the company for violations of the Fair Labor Standards Act of 1938.

July 2009 error in editorial

In July 2009, an editorial in the publication claimed that physicist '' Stephen Hawking "wouldn't have a chance in the U.K., where the ritish

National Health Service The National Health Service (NHS) is the umbrella term for the publicly funded healthcare systems of the United Kingdom (UK). Since 1948, they have been funded out of general taxation. There are three systems which are referred to using the " ...

(NHS) would say the life of this brilliant man, because of his physical handicaps, is essentially worthless."'' Hawking was British, lived in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

nearly all of his life, and received his medical care from the NHS. ''IBD'' later removed the editorial's reference to Hawking in its online version and appended an "Editor's Note" which said, ''"This version corrects the original editorial which implied that physicist Stephen Hawking, a professor at the

University of Cambridge , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...

, did not live in the UK."'' Hawking himself responded, ''"I wouldn't be here today if it were not for the NHS. I have received a large amount of high-quality treatment without which I would not have survived."''

References

External links

{{Dow Jones Business newspapers published in the United States Finance websites Newspapers published in Greater Los Angeles Publications established in 1984 Pulitzer Prize-winning newspapers Dow Jones & Company